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I find it amusing that IO a company with no product and no history is valued and bought at $6.5B.
by _ncuy 1y ago
I find it amusing that IO a company with no product and no history is valued and bought at $6.5B.
- apples_oranges 1y agoSounds to me like money is being distributed to that startup‘s investors?
- deleted 1y ago[deleted]
- slipnslider 1y agoThe dotcom bubble gave insane valuations to "companies" that literally had a static html page and no product or service.
- NetOpWibby 1y agoThat is WILD to think about because I regularly create one-pager websites for my own projects...kinda bewildering to comprehend valuations for something so basic.
- barbazoo 1y agoMaybe that's a reason to stop doing it.
- dexterdog 1y agoThose insane valuations were not 1% of this.
- doctorpangloss 1y agoWhat do you mean? The idea is obvious, it's an Apple Homepod sized orb-screen, like a mini Vegas projector, running OpenAI's realtime API.
- deleted 1y ago[deleted]
- kookamamie 1y agoSo, basically a Palantir?
- doctorpangloss 1y agoI don't totally get the comparison - Palantir is a tech enabled agency making glorified dashboards that benefits from affirmative action for libertarians, and the mini Vegas orb product is Jony Ive's new dildo to capitalism to worship. Two very different things.
- thinkingemote 1y agothe object from Lord of the Rings
- doctorpangloss 1y agoHa ha, okay that’s a good one.